FTAI Aviation (NASDAQ:FTAI) Price Target Raised to $293.00

FTAI Aviation (NASDAQ:FTAI) had its target price boosted by Morgan Stanley from $266.00 to $293.00 in a research report released on Tuesday morning,Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

Several other research analysts have also recently weighed in on the stock. Wolfe Research reissued an “outperform” rating and issued a $225.00 price target on shares of FTAI Aviation in a report on Wednesday, December 31st. Citizens Jmp boosted their price objective on FTAI Aviation from $230.00 to $325.00 and gave the stock a “market outperform” rating in a report on Thursday, January 29th. Weiss Ratings raised FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 16th. Barclays increased their target price on FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Finally, Royal Bank Of Canada lifted their price target on FTAI Aviation from $270.00 to $350.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Eleven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $295.78.

FTAI Aviation Price Performance

NASDAQ:FTAI opened at $239.95 on Tuesday. The company has a market cap of $24.61 billion, a P/E ratio of 51.94, a P/E/G ratio of 0.93 and a beta of 1.50. The firm’s fifty day moving average price is $271.52 and its two-hundred day moving average price is $210.87. FTAI Aviation has a one year low of $81.45 and a one year high of $323.51. The company has a debt-to-equity ratio of 10.32, a current ratio of 5.28 and a quick ratio of 2.30.

FTAI Aviation (NASDAQ:FTAI) last posted its earnings results on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The company had revenue of $662.03 million for the quarter, compared to analyst estimates of $710.37 million. FTAI Aviation had a return on equity of 257.07% and a net margin of 19.98%.The business’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.84 EPS. Equities analysts expect that FTAI Aviation will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Friday, March 13th were paid a $0.40 dividend. The ex-dividend date was Friday, March 13th. This represents a $1.60 annualized dividend and a yield of 0.7%. FTAI Aviation’s payout ratio is 34.63%.

Institutional Trading of FTAI Aviation

A number of institutional investors have recently bought and sold shares of the business. Mather Group LLC. bought a new position in shares of FTAI Aviation during the third quarter worth approximately $28,000. Garton & Associates Financial Advisors LLC bought a new stake in shares of FTAI Aviation in the fourth quarter valued at approximately $30,000. Greenline Wealth Management LLC acquired a new stake in FTAI Aviation during the fourth quarter worth approximately $50,000. Global Retirement Partners LLC grew its position in FTAI Aviation by 880.0% during the third quarter. Global Retirement Partners LLC now owns 343 shares of the financial services provider’s stock worth $57,000 after buying an additional 308 shares in the last quarter. Finally, First Horizon Corp increased its stake in FTAI Aviation by 131.9% during the 4th quarter. First Horizon Corp now owns 320 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 182 shares during the period. Institutional investors own 88.96% of the company’s stock.

About FTAI Aviation

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.